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Wayne2195,Corporations and trusts do not usually own land even if they own the property appurtenant to a specific tract of Land. I'm not sure if a trust could ever own Land, but corporations can only own Land through an express Act of Congress. A corporation or trust that owns property appurtenant to the Land generally holds the Land in trust until the time that the property appurtenant to the Land is sold to a person who can own Land (which would be a living human being) and said Land is granted to the buyer of the property appurtenant to the Land.

Of course, a corporation or trust holding Land in trust could also grant the Land to a living human being while remaining the owner of the property appurtenant to the Land.

To understand what would happen to a specific tract of Land held in trust by a corporation or trust after the seating of the original jurisdiction government, one would have to look at the unique situation following the Standard for Review.

To learn more about Land and property appurtenant to the Land, I suggest reading Land 101.